Exports to EU plunge by 40% in first month since Brexit

Share This Post

(The Guardian)

UK exports of goods to the EU plunged by 40.7% in January as the first month since Brexit and the imposition of a new Covid lockdown resulted in the biggest monthly decline in British trade for more than 20 years.

In the first month since leaving the EU on terms agreed by Boris Johnson’s government, the Office for National Statistics said goods exports to the bloc fell by £5.6bn, while imports fell by 28.8%, or £6.6bn.

Exports of food and live animals to the EU were the hardest hit by Brexit, collapsing by 63.6% in January. Consignments of fish and shellfish collapsed by 83% from the level a year ago to only £16m.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Do You Want To Boost Your Business?

drop us a line and keep in touch

Scroll to Top